US Stocks Take a Break from Rally, Close Lower
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US stocks took a break from their recent rally and closed lower on Friday. The Dow Jones Industrial Average fell 162.26 points, or 0.41%, to close at 39,313.64. The S&P 500 dipped 0.31% to finish at 5,218.19, while the Nasdaq Composite was down 0.27% and settled at 16,384.47. Despite the dip, the market is on track for its fifth consecutive month of gains, with the major US stock benchmarks crossing new all-time closing high levels last week. The S&P 500 added roughly 2.3% last week, while the Dow gained just under 2% for its best week since December. The Nasdaq Composite jumped about 2.9% during the period. The recent advances were fueled by the Federal Reserve's latest remarks that maintained central bankers' rate-cutting timeline for this year, as well as investors' ongoing enthusiasm f...
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